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Month: October 2024

Posted on 15/10/2024

GDS acquires Singapore warehouse, plans data center redevelopment

In its own announcement, GDS said the purchase follows the company being awarded new data center capacity by Singapore’s Infocomm Media Development Authority (IMDA) and Economic Development Board (EDB ...

Posted on 15/10/2024

Former HSBC executive Gordon French buys $100,000 chunk of Taylor Maritime Investments

New Taylor Maritime Investments (TMI) director Gordon French has taken a stake in the company. The London-listed handysize specialist said the independent board member bought 100,000 shares at $1.015 ...

Posted on 15/10/2024

Maid’s employer wants to marry her, but his son disapproves, asks how he can “safeguard dad’s wealth; will, CPF, bank savings and property”

"My father (60) is about to marry my helper. I am afraid if he gets scammed, I will have to clean up the mess afterwards," the son shared his concerns, asking for advice ...

Posted on 15/10/2024

Changes to tax regime will sustain Singapore’s competitiveness; provide more support to companies, individuals: Indranee

CHANGES to Singapore’s tax regime will help to sustain the Republic’s economic competitiveness and provide better support to companies and individuals, while ensuring it stays aligned with ...

Posted on 15/10/2024

Tech helps Singapore economy top Q3 forecasts

Singapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data on Monday.

Posted on 14/10/2024

Singapore draws S$5.4 billion in H1 investment commitments, on track for full-year target: Gan Kim Yong

SINGAPORE continues to draw strong investments despite global corporate shifts, with the Singapore Economic Development Board (EDB) securing S$5.4 billion in fixed asset investment (FAI) commitments ...

Posted on 14/10/2024

Asia’s IPO bankers look beyond China slump with US$6 bil week

Listings from Hyundai Motor Co.’s India unit, subway operator Tokyo Metro Co. and Rigaku Holdings Corp. will push IPO volumes in Asia Pacific excluding China past $28 million.

Posted on 14/10/2024

UOB partners with industry peers and Institutes of Higher Learning

In an effort to promote job transformation, UOB works with Better U's industry partners and educational institutions.

Posted on 14/10/2024

Louis Chua on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

In Singapore, corporate income tax is by far the single largest contributor to the Government’s budget. So, any policy changes in this area are going to have the most significant impact to the country ...

Posted on 14/10/2024

Don Wee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill is a crucial step in aligning Singapore with global efforts to ensure fair and transparent taxation of multinational enterprises (MNEs), by ensuring tha ...

Posted on 14/10/2024

Income Derived By Foreign Entity For Rendering Technical Assessment Services Doesn’t Constitute FTS: Delhi ITAT

The Delhi ITAT held that income derived by foreign entity for rendering technical assessment services will not constitute as Fees for Technical Services (FTS) under Article 12(4)(b) of ...

Posted on 14/10/2024

India less export-oriented, will be relatively unaffected by potential US tariff hikes: Fitch

India, which is less export-oriented than many other Asian economies, would be relatively unaffected in case the US levies higher tariffs on imports, Fitch Ratings said on Monday. Fitch said higher ...

Posted on 14/10/2024

AI-powered underwater robot to help coral scientists see better in Singapore’s murky waters

The technology can help marine biologists speed up coral monitoring and restoration work. Read more at straitstimes.com.

Posted on 14/10/2024

GDP growth boosts market sentiment; STI up 0.6%

The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91 at the close. Across the broader market, losers outnumbered gainers 301 to 254, after 1.3 billion securities ...

Posted on 14/10/2024

Developing | Singapore opposition leader Pritam Singh stands trial for alleged lies under oath

The trial marks the first time in Singapore’s history when an opposition leader has been prosecuted for lying to a parliamentary committee.

Posted on 14/10/2024

S.Korea’s Hanwha sweetens takeover offer for Singapore’s Dyna-Mac

South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.

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